Subsidiaries

Veitur Utilities ohf.

Veitur Utilities ohf. was created when Reykjavik Energy was unbundled at the beginning of 2014. Veitur Utilities is the biggest utility company in the country. Three quarters of the population use the company’s district heating, about half the population are connected to its electricity grid and four out of ten of Icelanders use the water utilities and sewerage systems of Veitur Utilities ohf.

Reykjavik Fibre Network

In 2007, the Reykjavik Fibre Network was separated from the exclusively licensed part of Reykjavik Energy’s management. It sells households and businesses access to fibre optics, a high speed data transmission system that boosts the competitiveness of Icelandic society. The Reykjavik Fibre Network is an open system through which all service providers are permitted to sell their services, offering the fastest available connection. Its customers are both companies and individuals who live and work in the servicing areas, which currently extend from Bifröst to the Westman Islands.

CarbFix

In late 2019, CarbFix was established as a subsidiary within the OR Group. The aim of establishing a special company around the carbon mineralization process, developed at Reykjavík Energy, was, among other things, to further promote CarbFix' utilization and thereby improving performance in climate affairs.

In addition to the three servicing companies within the OR Group, there are three companies that do not have independent operations and serve accountancy functions. These are Reykjavik Energy - water and sewerage systems sf., Reykjavik Energy - eignir ohf. and ON Power ohf.